Page 2888 - Company News

Covid-19 pandemic prompts workers, corporates to adopt gig economy

At a time when the COVID-19 pandemic has disrupted the job landscape, gig employment is gaining ground and is offering huge potential for both blue-collar as well as white-collar workers.

Shriram Housing Finance looking at 50-60% hike in loan disbursement in FY21

Mortgage lender Shriram Housing Finance is looking at around 50-60 per cent increase in loan disbursement to Rs 1,800 crore in the current financial year, a top company official said.

Maruti unveils festive offers for govt staff with benefits upto Rs 11,000

The company is seeking to further boost demand with its offer after the recent leave travel concession (LTC) cash voucher scheme announced by Finance Minister Nirmala Sitharaman

Active users' tally: Jio gains 2.5 mn subscribers as Airtel, Voda-Idea slip

Reliance Jio gained 2.5 million active subscribers in July, reversing the decline seen in the previous month

HDFC Bank's September quarter net profit rises 18.4% to Rs 7,513 crore

It had posted a net profit - profit after tax (PAT) -- of Rs 6,344.9 crore in the quarter ended September 2019 (Q2FY20)

Myntra witnesses 14 million visitors in a single day for its festive sale

Clocks 100% growth on the first day of the week-long event, over last year

Direct Create plans to launch awareness campaign to promote handicrafts

Direct Create, an online-offline technology platform for handicrafts, is planning to launch an awareness campaign 'Empowerment through Craft' to enroll entrepreneurs and more craftsmen, it said

Prestige Estates signs deal with Blackstone for stake sale in firm's assets

Prestige Estates is looking to sell the assets to reduce debt and generate liquidity via the Blackstone deal

CoC approves Kalrock Capital-Murari Jalan's plan to revive Jet Airways

The plan submitted by Kalrock consortium won by an overwhelming majority, say sources

Jet Airways' CoC approves resolution plan of Kalrock-Murari Jalan

Kalrock Capital, a financial advisory and asset management company, was founded by European entrepreneur Florian Fritsch

Tata Motors ties up with HDFC Bank for financing of passenger vehicles

Tata Motors on Saturday said it has collaborated with HDFC Bank for financing of its passenger vehicles

Franklin Templeton MF's six shut schemes generate Rs 8,302 cr since closure

Franklin Templeton Mutual Fund has said its six shut schemes have received Rs 8,302 crore from maturities, pre-payments and coupon payments since closing down in April

Big vs small in BOT project offering; traffic volume may be key determinant

Experts feel that kick-starting the process with relatively smaller stretches will help to test waters

Vedanta's Agarwal: Scrap trader from Bihar with an appetite for business

The failure of Vedanta's delisting plan is unlikely to discourage him to make his empire asset-light

AC import ban to drive market share gains for Voltas, Blue Star and Havells

Investment in domestic manufacturing capacities will stand them in good stead; OEMs like Amber Enterprises to also benefit

HCL Technologies margins to moderate in H2FY21; investors remain cautious

US elections, a seasonally weak Q3, and sharp stock gains are weighing on return expectations

New users, small towns drive first day of sale for Flipkart, Snapdeal

For e-commerce firm Snapdeal, nearly 30 per cent of the total orders on the first day of its festive sale were from first-time users

Amazon Business launches exclusive deals for small firms in festive sale

E-commerce giant's marketplace is offering these deals during its biggest festive season sale Great Indian Festival across segments such as laptops, printers and office electronics

Govt issues notices to Amazon, Flipkart for not showing mandatory info

The development comes at a time when Amazon and Flipkart are hosting their biggest festive sale events. The firms have been asked to reply to the notices within 15 days.

Indiabulls Housing Finance sells more stake in OakNorth for Rs 220 crore

The mortgage lender has said the proceeds will be used to bolster the capital adequacy ratio of the lender.